[amadeuspagel]

> You can look at the commercial office market, which is much less restricted and has huge boom/bust cycles.

This is a problem only for investors. Dealing with that is their job. Protecting them from it is not a good reason to restrict housing supply.

[wpietri]

It's not just a problem for investors. It's also a problem for cities, as boom-bust cycles can drastically misallocate resources.